Page 21 - GTBank Annual Report 2020 eBook
P. 21
Statement of Comprehensive Income
st
For the year ended 31 December 2020
In thousands of Gambian Dalasi Notes Dec-20 Dec-19
Interest income 7 511,797 414,345
Interest expense 7 (42,779) (52,771)
Net interest income 469,018 361,574
Fee and commission income 8 126,608 159,440
Fee and commission expense 8 (15,315) (18,208)
Net fee and commission income 111,293 141,232
Net trading income 9 83,464 58,942
Other income 10 2,484 5,005
Operating income 666,259 566,753
Credit loss expense on financial assets 26 (9,893) (28,565)
Operating income after credit loss 656,366 538,188
Personnel expenses 11 (136,524) (127,179)
General and administrative expenses 12 (90,591) (92,554)
Depreciation of property, equipment and right-of-use assets 21 (48,691) (57,492)
Amortization of intangible assets 22 (8,474) (5,140)
Other operating expenses 13 (58,893) (64,759)
Operating expenses (343,173) (347,123)
Profit before tax 313,193 191,065
Income tax expense 14 (87,316) (52,923)
Profit for the year 225,877 138,142
Profit attributable to equity holders: 225,877 138,142
– Profit for the year 225,877 138,142
Earnings per share for the profit attributable to the equity holders of the bank during the year
(expressed in dalasi per share):
– Basic 16 0.75 0.46
– Diluted 16 0.75 0.46
The accompanying notes are an integral part of these financial statements.
Annual Report 2020
Guaranty Trust Bank Gambia Limited www.gtbankgambia.com 19
